F2i SGR, manager of Fondo per le Infrastrutture Sostenibili (FIS), has announced first close at EUR 900 million (US$ 1.10 billion). The target size of the FIS is EUR 1.5 billion (US$ 1.82 billion). FIS is the fifth infrastructure fund from F2i SGR.

The sustainability approach of FIS is based on the identification of companies operating in the infrastructure sector, which are capable of blending industrial growth with ongoing improvements in environmental, social, and governance (ESG) parameters.

The first phase of funding concerned Italian institutional investors: social security funds, banks and insurance companies. The participation of foreign institutional investors is expected in line with their presence in other management funds, namely with a weighting of about 40-50% of managed assets. FIS fund will have a duration of 15 years.